Pegs

Despite divesting a number of producing properties during the year, Williams said Tuesday that as of Dec. 31, 2003 it had 2.7 Tcfe in proved U.S. natural gas reserves, slightly less than the 2.8 Tcfe the company logged at the end of 2002. Williams noted that its 2003 divestitures totaled 390 Bcfe of proved reserves.

Despite the sharp downturn in domestic gas-directed drilling rates since July, there will probably not be enough of a reduction in natural gas productive capacity to prevent relatively low prices this winter and through most of 2002, but reduced drilling could have important implications for market prices by 2003, according to the EIA’s Short-Term Energy Outlook –January released last week.

Despite the sharp downturn in domestic gas-directed drilling rates since July, there will probably not be enough of a reduction in natural gas productive capacity to prevent relatively low prices this winter and through most of 2002, but reduced drilling could have important implications for market prices by 2003, according to the EIA’s Short-Term Energy Outlook –January released on Tuesday.

Maintaining transmission adequacy at year 2000 levels would require a quadrupling of transmission investments during this decade, but the price tag for building these new facilities — including the cost of replacing retired capacity — is about $56 billion, according to a recent study done for the Edison Electric Institute (EEI). This transmission investment cost is roughly half of the investment likely to be made in new generating units during the same time.

Maintaining transmission adequacy at year 2000 levels would require a quadrupling of transmission investments during this decade, but the price tag for building these new facilities — including the cost of replacing retired capacity — is about $56 billion, according to a recent study commissioned by the Edison Electric Institute (EEI). This transmission investment cost is roughly half of the investment likely to be made in new generating units during the same time.